Credit Suisse's Love for Tech Stocks Unfazed by Facebook Crisis
- Technology is the "biggest disruptive force" in the market
- Sector not expensive as relative PE at historical average
Facebook to Alert All Whose Data May Be Affected, CEO Tells CNN
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As a bet on the future of everything, technology stocks are too cheap to pass up. Even after last year’s epic rally and the uproar over Facebook Inc.’s handling of personal data.
So says Credit Suisse Group AG’s chief investment officer Michael Strobaek, who lists robotics, artificial intelligence and automation among "super trends" with the biggest investment potential.